Illinois
Heitman Closes Latest Value-Added Fund at $1.1B
Chicago-based Heitman LLC recently closed on Heitman Value Partners IV (HVP IV), its fourth closed-end, value-added real estate fund. Heitman… Read more
Apartments at Hines/McCaffery MXU Launch Leasing
The Apartments at Lincoln Common, co-developed by Hines and McCaffery Interests, have begun leasing, with the first move-ins scheduled for… Read more
Michelle Dilley Promoted to COO of DSC Logistics
Des Plaines, IL-based DSC Logistics promoted Michelle Dilley to COO, marking an important continuation of the company’s leadership and transformation… Read more
FirstService Residential Acquires Chicago Market Leader
FirstService Residential has struck a pair of deals to expand its Chicago property management operations. The company is acquiring Lieberman… Read more
Investor Demand Remains High for Chicago Office
Chicago slipped year over year in the rankings of Institutional Property Advisors’ U.S. Office Index, in common with New York,… Read more
New Owners Close on Deal to Redevelop Last Vacant Dominick’s
The last of 15 former Dominick’s locations to remain vacant six years after the supermarket chain closed its doors will… Read more
MBRE Healthcare Boosts Footprint in Washington, D.C. Area
Chicago-based MBRE Healthcare opened its eighth regional office in the greater Washington, D.C. area. The regional office at 20955 Professional… Read more
JLL Forms Alliance with Advisory, Restructuring, Liquidation Firm
Chicago-based JLL formed a strategic alliance with Boston-based Gordon Brothers to elevate both firm’s services for retailers and their investors.… Read more
Associated Bank Closes on 10th Loan to Shorewood Development
Associated Bank has closed on an $11,245,000 loan to Shorewood Development Group to refinance an existing land acquisition loan, and… Read more
Emma Capital Adds Two More Indy Apartment Assets
Emma Capital Investments Inc. has acquired two more apartment properties in Indianapolis. The Toronto-based company paid $38.5 million for Courts I, a 148-unit… Read more
Law Firm Scopelitis Opts for More Space at Inland Steel Building
Colliers International | Chicago’s Tony Karmin and Corby Marx represented Scopelitis, Garvin, Light, Hanson & Feary PC in its new… Read more
Mission Capital Brings Retail/Office Mix to Market in St. Cloud
Mission Capital Advisors’ asset sales group is marketing Marketplace Retail and Office Center, a five-building, 121,406-square-foot, mixed-use property in Waite Park, MN.… Read more
Spec Dominates Chicago Industrial Development
Speculative industrial is still going strong in Chicago, with 19.5 million square feet of new space under construction, says Avison… Read more
Harrison Street Adds VP in Client Services
Investment firm Harrison Street, which targets the education, healthcare and storage sectors, has hired Briana Succop as VP with the firm’s… Read more
Interra Closes Rogers Park Deconversion Sale
Interra Realty has brokered the deconversion sale of 2000 W. Birchwood Ave., a 16-unit condominium building in Chicago’s northernmost neighborhood,… Read more
Debunking 5 Myths About Opportunity Zone Investment
Even as billions pour into Opportunity Zone funds, misconceptions persist on what exactly the Opportunity Zone program entails. “It is… Read more
Equity Residential Nabs Denver MF for $111M
A partnership between Atlanta-based The Integral Group LLC and Chicago-based Wanxiang America Real Estate Group reportedly divested EVIVA on Cherokee… Read more
Medical Tech Firm Relocates to Rosemont’s O’Hare Gateway
Savills Studley has completed a 43,384-square-foot lease to relocate medical technology company Intelligent Medical Objects’ (IMO) corporate headquarters to O’Hare… Read more
NHPF Completes $53M Recap on Mark Twain Renovations
The NHP Foundation has finalized a $53-million recapitalization to renovate the 97-year-old Mark Twain Hotel. NHPF acquired the mixed-use property… Read more